Reportedly, global steel giant Tata Steel’s profit after tax for the second quarter is seen down by 6% year on year to US$36.6 million, citing to the weakening EU market.
For India market, Tata Steel’s sales for the second quarter are seen to increase by 4% to 1.65 million tons, and the EBITDA margin is seen to at 8.9%.
Also, it is facing profit pressure in the European market, where average steel prices have declined by 7% quarter on quarter in the second quarter of the fiscal year 2012/13.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=61495&division=A6
